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 Bitcoin and other Cryptocurrencies, Comprehensive guide on first page.

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cofin
post Jun 15 2017, 03:56 PM

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QUOTE(Denyas @ Jun 15 2017, 02:47 PM)
is genesis really profitable at 3mhs ?
*
not sure because i only on my 2nd month.

First month payout i get around 0.08xxxx ETH which is 31-32usd (when it is 400usd/1ETH) now woth around 27-28usd ?

and my initial investment is 86usd ...so roughly around 3 months to break-even


cofin
post Jun 15 2017, 05:44 PM

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QUOTE(jack2 @ Jun 15 2017, 05:36 PM)
Anyone knows what is the former name of Luno?
*
Luno (formerly BitX) Bitcoin Exchange and Wallet


What i know is that i fund my Luno RM5 then use all buy bitcoin they charge RM0.10 ...the coins you receive value RM4.90

Then every deposit they charge you RM0.51 i think coz my bitcoin come in from Genesis Mining kena charge that rate
cofin
post Jun 15 2017, 10:13 PM

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LOL my ether value from 32usd in 1 day become 22usd

really a big change lulz
cofin
post Jun 15 2017, 10:15 PM

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Preparing for the time to sapu cheap coins
cofin
post Jun 16 2017, 11:49 AM

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QUOTE(raynman @ Jun 16 2017, 11:20 AM)
Here is the spreadsheet for my ethereum mining contracts with Genesis and Hashflare.

The is the ersult after 3 days of Genesis mining.

Even at today's depressed ETH price of $325, the average return per day is around RM100.

Not bad.

Imagine if the price of ETH shoots up again by the end of the year. biggrin.gif

» Click to show Spoiler - click again to hide... «

*
I also did mine for reference ....macam very hard to breakeven in 3 months

user posted image
cofin
post Jun 16 2017, 12:04 PM

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QUOTE(klthor @ Jun 16 2017, 11:58 AM)
cloud mining is even higher risk than buying gpu running it yourself. what you purchase is 'hash rate' thats all. i wouldnt try to explain more judging that theres a fan boy for cloud mining here. at least i can have 12 gaming pc if mining die off, cloud mining hug your hash rate.
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There are pro and cons on cloud mining

But i only can say if you invest into cloud mining you just need to pray for the price of the coins you mine to go up lol if not then same as you throw your money into the sea.

Buying GPU to mine ...i can sell off my rig if the coins keep going down. But the thing i cant take it for mining myself is that the heat and the stupid fan noise
cofin
post Jun 16 2017, 01:40 PM

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if those country want to setup could mining business should go brunei ...

Their electricity too cheap ....you will always see the houses wall grow mold because they on aircond 24/7

My friend he work there on aircond 24/7 also less than $20 per month

cofin
post Jun 16 2017, 06:39 PM

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QUOTE(denimblue @ Jun 16 2017, 06:24 PM)
0.0006xxxx ETH per day for my 10MH/s contract.

Not bad!

Around RM10 per day or RM300 per month passive income. smile.gif

Wait..... that means jack2 and raynman are getting RM3,000 per month.  sad.gif
*
bear in mind if the difficulty increase you get less coins ....this only apply if the coin value increase together with mining difficulty

mine is on 3MH/s can see my spreadsheet ...the amount of ETH receive drop almost half in a month and the time i invest in this cloud mining ETH only worth like 80usd-90usd
cofin
post Jun 17 2017, 12:12 PM

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QUOTE(WooTz @ Jun 17 2017, 08:58 AM)
Wow LTC, what's up with that rise?
*
Crazy LTC ...from 29 to 40 in a day

really volatile these coin market

Lucky i am mining LTC now
cofin
post Jun 17 2017, 12:33 PM

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QUOTE(raynman @ Jun 17 2017, 12:24 PM)
What are you using to mine your litecoin?
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The Genesis Bitcoin package....i allocate all to mine litecoin


This post has been edited by cofin: Jun 17 2017, 12:38 PM
cofin
post Jun 17 2017, 12:39 PM

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QUOTE(raynman @ Jun 17 2017, 12:36 PM)
Haha! You are scared of 1st August. laugh.gif
*
No coz i test on profitability

For current price ..i mine 5 days of LTC i get USD1.09 worth of LTC compared to i mine BTC for a month i only get USD 5.41 worth of BTC

and i bought the cheapest package 0.2TH/s for testing
cofin
post Jun 17 2017, 02:02 PM

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QUOTE(raynman @ Jun 17 2017, 12:48 PM)
Thanks for the info.

I will probably purchase a bitcoin open-ended contract and re-allocate 100% to mine litecoin.

Is the maintenance fee ($0.28 per TH/s per day) for bitcoin mining still applicable if we switch to litecoin mining?
*
for this i not sure as i never ask them

maybe you can help to ask the support tongue.gif
cofin
post Jun 17 2017, 02:08 PM

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QUOTE(blueblueoutofblue @ Jun 17 2017, 12:51 PM)
time to use ur customer service enquiry form and ask!

i already purchase open-ended contract

i remember someone say must put at least minimum 5% in BTC or ur original contract to receive the payout?
*
no .....no no

i mean is like at first you mining BTC then you switch to LTC

then you want the BTC to payout you need to allocate 5%

after the BTC payout you can just put it 0%

but anyhow you will always stuck with little BTC with Genesis Mining
cofin
post Jun 17 2017, 06:15 PM

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QUOTE(blueblueoutofblue @ Jun 17 2017, 02:12 PM)
oh, i already got payout from the mining, it's like 0.0003 btc?

so i can change 100% to LTC now?
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No no no ....for you no need to put 5% on btc if your first intention is ltc sweat.gif

i put 5% btc because i got pending payout which it wont pay to my wallet if i put 100% to ltc


cofin
post Jun 18 2017, 02:17 PM

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Knn .....why genesis mining no payout on my Ethereum on 16.6.17 but only payout my LTC

Gonna write to support.
cofin
post Jun 19 2017, 07:24 PM

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i think a lot of people switch to mine LTC on genesis ....

my payout drop a lot
cofin
post Jun 24 2017, 05:36 PM

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TenX website is so freaking lagging
cofin
post Jun 24 2017, 09:11 PM

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TOKEN SALE

THANK YOU
TARGET REACHED
- PLEASE DO NOT SEND FUND -

cofin
post Jun 24 2017, 09:12 PM

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QUOTE(TheReaderReads @ Jun 24 2017, 09:11 PM)
so now just go to bed and wake up tmr and see whether the tx went through right?

or should I just wait and refresh?
*
Can check with the button at the website

https://www.tenx.tech/tokensale.html
cofin
post Jun 30 2017, 11:12 AM

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i testing withdrawal from Luno ....not bad ...less than 24hours they bank in to my maybank from their UOB bank

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